New York State Common Retirement Fund Trims Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New York State Common Retirement Fund cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 54.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,884 shares of the transportation company's stock after selling 48,500 shares during the quarter. New York State Common Retirement Fund's holdings in J.B. Hunt Transport Services were worth $6,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP grew its stake in J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after acquiring an additional 147 shares in the last quarter. TD Private Client Wealth LLC grew its stake in J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after acquiring an additional 109 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after buying an additional 120 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $107,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of J.B. Hunt Transport Services by 13.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after buying an additional 85 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT traded down $1.44 during mid-day trading on Wednesday, hitting $150.49. The company's stock had a trading volume of 367,210 shares, compared to its average volume of 995,792. The firm has a 50-day moving average price of $144.72 and a 200 day moving average price of $150.89. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.27 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.89. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's payout ratio is 32.00%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of research analyst reports. Barclays upped their price target on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. TD Cowen lowered their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Raymond James Financial boosted their price objective on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Baird R W upgraded J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Truist Financial boosted their price objective on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $164.90.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.